Infosys co-founder and CEO SD Shibulal’s family office, a private limited company that manages his family wealth, is expanding its hospitality and real estate business further with investments worth R130 crore. The family office, which manages around R6,500 crore through various assets, including his family’s holdings in Infosys, runs a resort in Coorg, Karnataka called ‘The Tamara’, a 56-room luxury property. The family office is registered with the registrar of companies as Innovations Investment Management India.
The technocrat who co-founded Infosys along with Narayana Murthy and others, has huge interest in buying apartments in India and abroad. He owns 700 apartments in Seattle (USA), Frankfurt, Berlin (Germany) apart from Bangalore, Chennai in India.
Bangalore real estate showed resilience during turbulent times from 2008 till now. Bangalore is having for better absorption rate for new residential projects comparing to other cities in India. It is good time for people who want…
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